FDIC: No Such Thing as "Too Big to Fail"
The Federal Deposit Insurance Corporation is debunking the concept that some U.S. banks and financial firms are "too big to fail," hoping to reduce the necessity for future government bailouts and increase opportunities for smaller financial institutions, Reuters reported March 14. Martin Gruenberg, FDIC acting chairman, told Reuters he hoped to dispel the notion that the U.S. government does not have the ability to dismantle failing financial firms that are so large or complex that their collapse could threaten worldwide financial markets.
Good news for homeowners who've gone green and installed energy-saving features but haven't been sure whether appraisers will credit them with higher valuations: Thanks to a new industry-issued appraisal addendum by the Appraisal Institute, the odds have improved that they'll get the fairer market value they're due.
Issues impacting Tucson office space and many other markets include high unemployment, housing foreclosures and weak pricing, stagnant economic growth and diminished financial reserves of small businesses. With no silver bullet to resolve these issues, we expect the recovery to continue to move slowly for commercial office space in Tucson.